Archive

CMA CGM’s Final 20,600 TEU Behemoth Delivered

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 12, 2018 CMA CGM Louis Bleriot, the third and final 20,600 TEU class containership ordered in 2015 from Hanjin Heavy Industries & Construction – Philippines (HHIC-Phil Inc.), has been delivered to its owner CMA CGM. The ship was named after Louis Charles Joseph Blériot, a French aviator, inventor and engineer. Its two predecessors, CMA […]

H-Line Splashes USD 124 Mn on LNG-Powered Bulker Pair

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 12, 2018 South Korean shipping line H-Line is using USD 124 million of freshly attained funds to construct two bulkers powered by liquefied natural gas. The two 180,000 ton ships have been ordered from compatriot shipbuilder Hyundai Samho Heavy Industries, South Korean Ministry of Oceans and Fisheries informed earlier today. The duo is intended […]

Panama Canal Sets Record Cargo Volume for FY 2018

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 12, 2018 The Panama Canal closed its 2018 fiscal year with a record tonnage of 442.1 million Panama Canal tons (PC/UMS), representing a 9.5 percent increase from the previous year. With this number, the Panama Canal surpasses the cargo projections of 429.4 million PC/UMS tons for FY 2018, as well as the 403.8 million […]

Delta chief says canceled 100 flights so far due to hurricane

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 11, 2018 Delta Air Lines Inc has canceled about 100 flights so far due to Hurricane Michael, the U.S. airline’s Chief Executive Officer Ed Bastian said in an interview with CNBC on Thursday. Hurricane Michael, the third-most powerful ever to strike the U.S. mainland, battered the Florida’s Gulf coast with roof-shredding winds, raging surf […]

Competition watchdog to study British Airways alliance

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 11, 2018 Britain’s competition watchdog will investigate a partnership between British Airways and other airlines on transatlantic routes ahead of the 2020 expiry of a previous deal, the regulator said on Thursday. British Airways, American Airlines, Iberia and Finnair form the Atlantic Joint Business Agreement, a revenue-sharing joint venture that covers routes between Europe […]

Amazon Air comes to Miami with two flights a day

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 11, 2018 Miami International Airport has welcomed Amazon Air cargo operations, with double daily Boeing 767-300 services operated by Atlas Air. Amazon already operates four warehouses in Miami-Dade County, all within 12 miles of the airport with an 885,000 square foot fulfillment centre at Miami-Opa Locka International Airport being completed this year. Amazon Air’s […]

Pacific Basin Boasts Vessel Earnings Hike

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 11, 2018 Hong Kong-listed dry bulk shipping company Pacific Basin Shipping Limited saw a significant hike in vessel earnings in the third quarter of the year. Handysize and Supramax daily time-charter equivalent (TCE) earnings were USD 10,080 and USD 12,180 per day net respectively in the third quarter, representing an improvement of 24% and […]

Maersk Tied to Sale of Boxship Duo

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 11, 2018 Danish shipping giant Maersk has been linked to a sale of two containerships to Japan’s Nissen Kaiun. According to a report from Intermodal Research and Valuations, the vessels in question are the 2012-built Maersk Edirne and Maersk Eureka. The units were allegedly sold at a price of USD 46 million a piece […]

Maersk Invests in Digital Freight-Booking Startup

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 10, 2018 Danish shipping major Maersk has unveiled an investment in a US-based digital freight broker, Loadsmart, as the company expands its footprint. Namely, the company’s launchpad for new ventures, Maersk Growth, is leading a USD 21.6 million Series A funding for Loadsmart, together with Connor Capital SB and Chromo Invest. “We see huge potential with Loadsmart. […]

Scorpio Tankers Raising Fresh Funds via Share Offering

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 10, 2018 Monaco-based tanker owner Scorpio Tankers has priced its previously announced underwritten public offering of over 162.1 million common shares. As part of this offering, priced at USD 1.85 per share, Scorpio Bulkers and Scorpio Services Holding Limited, each a related party and members of the Scorpio group of companies, have agreed to purchase common […]